South Africa Case Law

Defy Ltd v Commissioner for the South African Revenue Services (192/09)

Defy Ltd v Commissioner for the South African Revenue Services (192/09) [2010] ZASCA 11; 2010 (5) SA 416 (SCA); [2010] 3 All SA 275 (SCA); 72 SATC 99 (12 March 2010)

Court

Supreme Court of Appeal

Case number

192/09

Judges

NAVSA, NUGENT, HEHER, BOSIELO, LEACH

The Supreme Court of Appeal held that Defy’s receipt from its subsidiary was not a capital profit for STC purposes and dismissed the appeal with costs.

• Secondary Tax On Companies
• Capital Profit Exemption
• Income Tax Act
• Liquidation Dividends
• Statutory Interpretation
• Secondary-tax-on-companies